Bahamaren signs MOU with China Construction Modular Housing Co., Ltd.

In front (from left): Michael B.Wei International Manager of China Construction Modular Housing Co., LTD and Bahamaren Limited Managing Director Latrae Rahming take a photo after signing a memorandum of understanding (MOU) between both companies on Friday to establish a framework for mutually beneficial cooperation in the area of Modular Construction.

The Bahamas is one step closer to realizing the life-long and cost-effective benefits of modular constructed housing thanks to a memorandum of understanding (MOU) signed between Bahamaren Ltd and China Construction Modular Housing Co. Ltd on Friday.

According to a statement released by Bahamaren, the MOU will help to establish the “framework for mutually beneficial cooperation in the area of Modular Construction”.

“We are pleased with the collaborative efforts between Bahamaren Limited and China Construction Modular Housing Co., LTD led by Bahamaren Limited with a comprehensive range and participation of industry stakeholders from both The Bahamas and China,” the statement read.

The MOU will also tackle the problem of “providing adequate, secure and affordable housing in The Bahamas”.

“Bahamaren Limited recognised the importance of reducing the overall housing deficit to achieve The Bahamas overall sustainable development goals that lead to improved equity, economic productivity and environmental sustainability,” the statement said.

“Bahamaren Limited recognised the importance of reducing the overall housing deficit to achieve The Bahamas’ overall sustainable development goals that lead to improved equity, economic productivity and environmental sustainability.”

According to company officials, the MOU also underscores the importance of a new tailored approach to providing adequate and affordable housing for all Bahamians.

“We emphasised the need for reducing the housing gaps through a solution that is fueled by its cost-effective methods and reduce project timelines,” said the company’s Managing Director Latrae Rahming.

The MOU will facilitate the collaboration of best practices for the offsite construction of adequate housing that is resistant to climate change, improves energy efficiencies of building through solar energy, and decrease the greenhouse gas emissions.

“(It also) aims to assist the signatories’ individual efforts to introduce an alternative form of construction that guarantees a transformative improvement all-encompassing the asset lifecycle in time, cost, quality and health and safety.”

According to Rahming, in order to achieve the MOU’s objectives, Bahamaren and China Construction Modular Housing Co., LTD agree to “facilitate both public and private sector dialogue regarding procedures used to develop and adopt regulations to invest in and then unlock the value of offsite construction. Also, the parties will discuss best practices for greater transparency of offsite supplier capacity and product quality”.

“Bahamaren,” he said, “is focused on using offsite construction and assembling of residential housing as a crucial instrument to addressing the Bahamas housing crisis.

“This mission means we can build homes quicker, cheaper and better, while achieving greater certainty over costs. Our company has set out strategic priorities of smart construction and design, sustainable development and improved trade performance.

“Bahamian talent will drive our mission, complemented by the transfer of technology and knowledge between Bahamaren Limited and China Construction Modular Housing Co., LTD. Our company will capitalise on the greater use of modern methods of construction. Bahamaren Limited will introduce full solarised smart homes as a part of its product offering. We believe the signing of this MOU represents a robust response to a broader social and economic challenge.”

Rahming said his company recognises China Construction Modular Housing Co., LTD’s long history of professionalism and credible reputation.

“For this,” he said, “we have identified the company as a suitable partner in our approach to be a solution driven coupled by adding an innovative mixture.”